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Ask HN: Company is firing all employees – should I still exercise my options?

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Re: Ask HN: Company is firing all employees – should I still exercise my options?

#91

Post by Lindathefounder »

shoo wrote: post #56

here's a few perspectives: zeroth perspective: there are many alternative assets and asset classes for investing your hard-won capital , benchmark any decision against standard alternatives, such as investing in real estate, buying into passive ETFs of the world stock market, buying options of highly-liquid public companies that run at a profit and have years of audited financial reports you can read to help you dete…

Thank you for taking the time to write this! Extremely helpful and thought provoking. I did not consider the option of leveraging my high amount of the company's crypto (which is indeed worth > 0$.

Re: Ask HN: Company is firing all employees – should I still exercise my options?

#92

Post by logicallee »

A quote from somewhere:

>Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets."

But I don't think even he meant all the blood. :) If your company is firing all of its employees, then I would say it's not pining, it's passed on. It's no more - ceased to be. Expired and gone to meet its maker. Bereft of life. R.I.P. Kicked the bucket. Shuffled off this mortal coil. Joined the choir invisible.

This is an ex-company.

Re: Ask HN: Company is firing all employees – should I still exercise my options?

#93

Post by myrandomcomment »

spookthesunset wrote: post #84
myrandomcomment wrote: post #80

Earlier quoted context omitted.

Losses from investments may be used as tax deductions if the conditions in the tax law are met.

Tax deductions aren’t tax credits. Investment losses are deductions not credits. It is a huge difference. “Writing off” a investment loss only reduced your bill by the marginal tax rate of your loss. If it was a credit, you’d be marking down the tax bill by the entire amount of the loss, which isn’t what happens for investments. To many people think that something being deductible makes it “free”. No. They basically…

My quote was from a document prepared by a CPA. I agree with what you said - you need to check, but in most cases, someone in the Bay Area making the typical pay can write off a loss from a startup over a period of a few year. Your milage might vary.

Re: Ask HN: Company is firing all employees – should I still exercise my options?

#94

Post by Lindathefounder »

logicallee wrote: post #92

A quote from somewhere: >Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." But I don't think even he meant all the blood. :) If your company is firing all of its employees, then I would say it's not pining, it's passed on. It's no more - ceased to be. Expired and gone to meet its maker. B…

Loved the Monty Python reference :)
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